Author: Nghiinomenwa-vali Erastus
Communal Farmers Can Match Commercial Productivity if Well Coordinated – Schlettwein
By: Nghiinomenwa-vali Erastus Agricultural activities within the communal areas can be more productive than they are currently according to an assessment by the Minister of Agriculture, Water, and Land Reforms, Carl Schlettwein. He made these remarks during his…
Over Half a Billion in GC24 to Remain with Government
By: Nghiinomenwa-vali Erastus Investors in the GC24 bond, which is set to mature this October, have decided to switch their N$530 million investment to other long-term bonds, allowing the government to retain and grow the funds while paying…
70% of MTC Network Sites Upgraded to 4G
By: Nghiinomenwa-vali Erastus The Mobile Telecommunications Company (MTC) has successfully upgraded 70% of its network towers from 3G to the faster 4G network, according to spokesperson Erasmus Nekundi. This upgrade is expected to significantly enhance internet speeds across…
Electricity Generation Falls to Lowest Level in 2024
By: Nghiinomenwa-vali Erastus Namibia’s electricity generation in June 2024 fell to its lowest level of the year, producing only 152,224 MWh after five consecutive months of generating over 200,000 MWh. This significant drop in domestic generation led to…
Appetite High to Explore Nam for More Minerals
By: Nghiinomenwa-vali Erastus Between December 2023 and July 2024, Namibia received more than 1,000 applications for mineral exploration licenses, with the government struggling to evaluate them all. This surge in applications demonstrates the increasing interest in discovering new mineral…
Tax-Motivated Illicit Financial Flows Drain African Economies, Study Reveals
By: Nghiinomenwa-vali Erastus A staggering 65 percentage of illicit financial flows (IFFs) from Africa are driven by tax evasion and commercial misconduct, severely undermining the continent’s development efforts. This alarming statistic is highlighted in a recent study by the…
Companies Fined Over Concealing Ownership Change in Cement Factory
By: Nghiinomenwa-vali Erastus Three Chinese companies and a local cement production firm have been ordered to pay a fine of N$5 million after it was discovered that they implemented a merger without the approval of the Namibian Competition…
Domestic Investors Lend N$120 Billion to Government
By: Nghiinomenwa-vali Erastus At the end of July 2024, the government had borrowed a cumulative N$120 billion from private investors through the issuance of Treasury Bills and internally registered bonds in the domestic market. This debt includes N$80…
Windhoek Water Supply Reaches Severe Scarcity
By: Nghiinomenwa-vali Erastus The Windhoek Municipal Council has declared a Category D drought due to worsening water scarcity since June 2023. The decision was announced at the council’s ordinary meeting held on Wednesday, 31 July 2024. According to the…
MTC/MVA Fund Sponsored Classrooms Worth N$3.4m Opened
By: Nghiinomenwa-vali Erastus Two blocks of classrooms and a laboratory constructed at the Tsumeb Primary School with the assistance of the Mobile Telecommunication Company (MTC) and the Motor Vehicle Assistance Fund (MVA) were officially handed over to the school…